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Nov 7, 2012
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these are sectors affected by obama's election. coal stocks, financials, defense stocks, energy stocks, and dividend payers. that's a dvy at the bottom. finally, the market is taking this in stride. it's been a very orderly selloff. it's not been a good day, but look at the vix index. if this was a real worry day, you'd see the vix go into the low to mid-20s today. the fact we're still below 20 is a reality mark. >> yeah, maria is here making her way through the snow. i don't envy going home today. that's going to be interesting. >> it is snowing out at this point. i can report. >> we should also point out apple with a decline today at one time was down 20% from its recent peak in september. >> that's what i was going to ask you, bob. how much of a factor is this big selloff in apple? >> yeah, 564, apple hit a 20% decline. i know a lot of people think this is voodoo, but you can see it in the charts. it was about 10:50 a.m. eastern time. apple dropped on heavy volume. the dow lost 50 pointins or so the same time. you can see cause
these are sectors affected by obama's election. coal stocks, financials, defense stocks, energy stocks, and dividend payers. that's a dvy at the bottom. finally, the market is taking this in stride. it's been a very orderly selloff. it's not been a good day, but look at the vix index. if this was a real worry day, you'd see the vix go into the low to mid-20s today. the fact we're still below 20 is a reality mark. >> yeah, maria is here making her way through the snow. i don't envy going...
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Nov 9, 2012
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final election tally, obama 50% versus romney 48%. pretty good. despite the talk of skewed polls, proved to be pretty darn accurate. here to help explain well, pollster, mr. goeas. ed, i spoke to you tuesday evening or something. you had it pretty close, too. i mean, why this time around? there was so much debate, you know, this and that, and the democratic samples were going to be bad, and the latino samples were going to be bad and all the samples were going to be bad. turns out it wasn't bad at all. >> that wasn't the case really in the national polls. most of the national polls looking at the whole picture, they always kind of come back to fairly close together. and if you look at the top ten polls, actually the top 15 polls, all of them within the margin of error and very, very close. i think most of the back and forth was more in the state polls, kind of arguing over, was it going to be census data, or exit poll data from 2008 or 2004? interestingly enough, of the eight battleground states you could look at with exit polling from the two yea
final election tally, obama 50% versus romney 48%. pretty good. despite the talk of skewed polls, proved to be pretty darn accurate. here to help explain well, pollster, mr. goeas. ed, i spoke to you tuesday evening or something. you had it pretty close, too. i mean, why this time around? there was so much debate, you know, this and that, and the democratic samples were going to be bad, and the latino samples were going to be bad and all the samples were going to be bad. turns out it wasn't bad...
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Nov 8, 2012
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some point to wall street's disappointment with president obama's re-election. but ecb head mario draggi's comments about weakness in europe affecting germany and apple's move into correction territory certainly didn't help things either. now, financials selling off as the market anticipates. another obama term could mean financial regulation is here to stay. coal stocks the hardest hit in the wake of romney's loss. we know he was a supporter. and while not all health care names performed well, hospital stocks did soar today, with obama care set to remain in place money will continue to flow to the hospitals. as you can see, your tenet healthcare up almost 10%. larry? >> all right. many thanks. cnbc's courtney reagan. let's turn now to our investors, break down today's huge market sell-off. joining me is henry blodgett, business insider, co-founder ceo and editor in chief. and david goldman is a former head of fixed income research at bank of america, currently president of macro strategy. and jim lacamp, senior vp of investments at ubs. i begin with mr. la camp
some point to wall street's disappointment with president obama's re-election. but ecb head mario draggi's comments about weakness in europe affecting germany and apple's move into correction territory certainly didn't help things either. now, financials selling off as the market anticipates. another obama term could mean financial regulation is here to stay. coal stocks the hardest hit in the wake of romney's loss. we know he was a supporter. and while not all health care names performed well,...
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Nov 9, 2012
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we cut it to 1450 under president obama's re-election. i'm still constructive on the market we have a 15-month 12-month target. there's fiscal tax policy, foreign tax and global economy and signs of reacceleration out of asia, that's where we've been focused on, and if we can see more signs of reaction sell rags and confidence, we'd like to get more aggressive on things like industrials. >> you didn't cut your price target by all that much, but why cut the price target at all based on the re-election of one man? >> there's been a dividend policy. 4 from an equity investment perspective, in an environmental where the yields have benefitted from great p.e. skpaengs as they have been hungry for yield, the dividend issue is key and we want to see the dividend rate stay low and equal. >> brian kelly is one of the traders on the show. he has a question for you. >> sure. >> i'm curious. even if we do get a compromise, we're still looking at some kind of fiscal tight ning. how does that fit into your 2013 forecast. that's not great thing. similar
we cut it to 1450 under president obama's re-election. i'm still constructive on the market we have a 15-month 12-month target. there's fiscal tax policy, foreign tax and global economy and signs of reacceleration out of asia, that's where we've been focused on, and if we can see more signs of reaction sell rags and confidence, we'd like to get more aggressive on things like industrials. >> you didn't cut your price target by all that much, but why cut the price target at all based on the...
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Nov 7, 2012
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president obama was re-elected. we keep -- kept hearing nothing could get done until this election was done. well, it is done. and now it's time to put the politics aside and make policy the priority to ensure we are all playing on team america. the only way to do that is to come together. we have a huge opportunity. the corporate sector is strong. we know that. there are estimates of $3.5 trillion in cash on corporate balance sheets right now that money can get begin to go to work once the differences over tax and spending is in the books and histly. that much money will surely gift economy a boost, especially if leads to a spurt of hiring. now we need to see the leadership make it happen. leadership often means comp prom my giving up something to get something. our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we ha
president obama was re-elected. we keep -- kept hearing nothing could get done until this election was done. well, it is done. and now it's time to put the politics aside and make policy the priority to ensure we are all playing on team america. the only way to do that is to come together. we have a huge opportunity. the corporate sector is strong. we know that. there are estimates of $3.5 trillion in cash on corporate balance sheets right now that money can get begin to go to work once the...
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Dec 20, 2012
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fears that president obama would have new gun laws if re-elected. those expectations may become a reality, michelle? >> assault weapons is eaccept shlly what we are taking about, right? >> is this an skoesten shl threat? >> they say they could make a living but these are the most popular, the semiautomatics really are the ones that are most popular right now, and are also very pricey. air 15 from 899 to $4,000. and these are the ones that clients have been buying over the last year, which looks like it could be a record year for them. >> did any of the owners raise the level of watching who buyers are and thinking twice and doing profiling of their own? >> it is interesting, i spoke to one manager in maryland, and he said, in this business you want to be on the look outs for fruit cakes. and i'm quoting him. you don't want fruit cakes buying your guns. you said, these are educated people, so he is still selling them their guns. >> you mean the buy-in -- >> we have the documentary tonight. >> they are concerned -- >> gun retailers are very much aware
fears that president obama would have new gun laws if re-elected. those expectations may become a reality, michelle? >> assault weapons is eaccept shlly what we are taking about, right? >> is this an skoesten shl threat? >> they say they could make a living but these are the most popular, the semiautomatics really are the ones that are most popular right now, and are also very pricey. air 15 from 899 to $4,000. and these are the ones that clients have been buying over the last...
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Nov 6, 2012
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to hungary if president obama wins re-election. stay with us. this is awesome!o, haha! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ ♪ >>> welcome back. this is a live picture of voters in virginia. the key swing state has 13 electoral votes up for grabs. now take a look at new jersey voters. this is a live picture in cherry hill. they weren't hit as hard by sandy as coastal and northern new jersey residents. the state has extended the deadline for displaced voters to return their ballots to 8
to hungary if president obama wins re-election. stay with us. this is awesome!o, haha! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. you know, one job or the other. the moment i could access the...
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Nov 9, 2012
11/12
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>> i didn't hear an obama who is about to cave on any of his points. and i haven't heard any caving from the republicans. so i think we're going toward a clash. think this was a vote for a clash. election put us right back in the situation we had before and i don't think there's any difference. this was not a compromise election. it was a clash election. >> i think the president does feel he has the mandate from the voters. to me he was throwing down the gauntlet saying he appreciated mr. boehner's comments, but that the majority of americans agree with him and that those of us who make more money than others will have to pay -- >> the house republicans think that they got the majority. they say, look, we're in control of the house. don't tell us that you won that election. we did, too. so everybody's going to stick to their guns. >> i think that's why we're seeing the dow jones industrial average all over the board today. >> as you point out, sue, the stocks went way down right when he was speaking. then they came back, curved up a little bit. >>> nex
>> i didn't hear an obama who is about to cave on any of his points. and i haven't heard any caving from the republicans. so i think we're going toward a clash. think this was a vote for a clash. election put us right back in the situation we had before and i don't think there's any difference. this was not a compromise election. it was a clash election. >> i think the president does feel he has the mandate from the voters. to me he was throwing down the gauntlet saying he...
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Jun 7, 2012
06/12
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now democrats are running scared that president obama could lose the election over the economy. the clinton pro-business wing may be deserts the party. blue collar reagan democrats in swing states like wisconsin deserting the party. even "time" magazine reports veteran democratic strategists are now wondering if the obama re-election crew is working with the right message. also thank you, an exclusive interview with erskine bowles of bowles/simpson fame. why wouldn't obama embrace it and afoid financial armageddon. the last thing you want to do in the u.s. is do what they're doing in greece where politicos have turned ugly live on tv. check this out. oh, my god. well, we haven't reached that point yet. hopefully we won't. this evening on kudlow, ben bernanke on capitol hill being grilled. we talked about a lot of risks but we didn't talk about action and he did not pull the qe trigger. my favorite fed indicator gold is the barometer. it dropped $46. and that to me says no qe-3. >>> first up, governor romney back out on the trail today. so is president obama whose tally now stand
now democrats are running scared that president obama could lose the election over the economy. the clinton pro-business wing may be deserts the party. blue collar reagan democrats in swing states like wisconsin deserting the party. even "time" magazine reports veteran democratic strategists are now wondering if the obama re-election crew is working with the right message. also thank you, an exclusive interview with erskine bowles of bowles/simpson fame. why wouldn't obama embrace it...
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Nov 15, 2012
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. >>> first up today, in his first news conference since being re-elected, president obama, with rhetoric sometimes reminiscent of his tax-the-rich campaign mantra, he appeared to dig in his heels on extending tax cuts for the wealthiest americans. take a listen. >> there is a package to be shaped. and i'm confident that parties -- folks of good will in both parties can make that happen, but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and according to economists, will have the least positive impact on our economy. >> all right. i don't know about you, but to me, that sounds like a fairly staunch and unwavering position. and yet, the president did insist he's staying open to new ideas. take a listen to this one. >> i am open to new ideas, if the republican counterparts or some democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isn't getting hit, reduces our deficit, encourages growth, i'm not going to just slam the door in their face. i want to hear -- i want to hear ideas from everybody
. >>> first up today, in his first news conference since being re-elected, president obama, with rhetoric sometimes reminiscent of his tax-the-rich campaign mantra, he appeared to dig in his heels on extending tax cuts for the wealthiest americans. take a listen. >> there is a package to be shaped. and i'm confident that parties -- folks of good will in both parties can make that happen, but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't...
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May 17, 2012
05/12
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this race -- this is going to be a waste of money to have an election in the fall. it's going to easily be mitt romney and president obama will be on his way back to blue island, illinois to work on his museum. >> i think this is a fine example of living in one's own reality. the reality is this has been tested by social scientists who do polls and most persons, vast majority, including independents, believe you should have a mix of revenues and tax -- deficit. real quick, if you have a household that is in debt, one thing do you is cut your spending, fewer movies, fewer nights out but dount quit your job and take the revenues out of your household. you might add a job. republicans say run america like america runs their household. >> the government creates job. the obama tax has bacon up, ground beef up, gas up, your kids' pajamas are up. >> are you saying police officer, nurse, those are not jobs? are you serious? >> those are state level things. >> we have the whole nation -- >> no, it's not government. we're talking about federal government workers. >> why are w
this race -- this is going to be a waste of money to have an election in the fall. it's going to easily be mitt romney and president obama will be on his way back to blue island, illinois to work on his museum. >> i think this is a fine example of living in one's own reality. the reality is this has been tested by social scientists who do polls and most persons, vast majority, including independents, believe you should have a mix of revenues and tax -- deficit. real quick, if you have a...
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Nov 7, 2012
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then at the open right here, here's the concerns about obama and clear stoshcks around obama election dropping. then right about here we had apple coming out, suddenly hitting $568, that 20% decline. we took another leg down. good news -- why i am a little optimistic -- this is exactly the european close. we had big volume in the u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy. apple at $564 i believe? there's $564. when apple hit that you saw the move to the downside. i think it is pretty simple explanation. one-thi one-third, one-third, and maybe one-third. >> as soon as the election's over, we'll go back to talking about europe. >>> sew ma mow
then at the open right here, here's the concerns about obama and clear stoshcks around obama election dropping. then right about here we had apple coming out, suddenly hitting $568, that 20% decline. we took another leg down. good news -- why i am a little optimistic -- this is exactly the european close. we had big volume in the u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually...
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Dec 4, 2012
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ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that's why we're not seeing prices come dow
ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >>...
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Nov 16, 2012
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i don't agree necessarily with the position, but barack obama ran the election on raising tax rating on the top 2% of income earners. from that standpoint, he has the weight of the argument in his corner. >> do you think he would let it go over of the fiscal cliff to have better bargaining power? >> yes. >> dan? >> yes. >> okay. >> also, let's not forget several prominent democrats want the president to go over the cliff, so to speak, to improve the bargain. >> well, that's a bargaining argument, i would think, at some point. joe, why are you optimistic? >> first of all, this has become a battle of semantics rather than actual facts. both parties have agreed there needs to be increased revenues. as soon as that gets said, it's very clear. increased revenues means higher taxes in some form. either reduce spending or higher taxes. >> but grover norquist spun that a while ago. i asked that very question. he said, you can also raise revenue by growing the economy. >> grover norquist was very clear in saying that increasing revenues would not be something that he wouldn't care about. he d
i don't agree necessarily with the position, but barack obama ran the election on raising tax rating on the top 2% of income earners. from that standpoint, he has the weight of the argument in his corner. >> do you think he would let it go over of the fiscal cliff to have better bargaining power? >> yes. >> dan? >> yes. >> okay. >> also, let's not forget several prominent democrats want the president to go over the cliff, so to speak, to improve the bargain....
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Dec 10, 2012
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house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about t
house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are...
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Dec 20, 2012
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noted in his news conference yesterday, from districts that did not vote for president obama. so, members are digging in. they're very conservative in the modern republican party. they're talking about deeper spending cuts but the deeper spending cuts could only come from programs like medicare and social security and there's no mandate for that. so, the speaker and the president agreed on some things, like a reduction in inflation adjustments for social security. they agreed on means testing for medicare. there isn't a whole lot of room to go deeper than that and until the speaker can get his caucus to come along to something close to what he and the president were about to agree with, we're not going to have progress. >> no progress. does that mean we don't get a deal bill year end and we go over the cliff and taxes soar on everybody and the spending cuts take effect or what's the odds we'll get a deal next week? >> you know, maria, we've talked about this many times. i've been optimistic from the beginning. i think the fundamentals are in place in terms of a recalibration b
noted in his news conference yesterday, from districts that did not vote for president obama. so, members are digging in. they're very conservative in the modern republican party. they're talking about deeper spending cuts but the deeper spending cuts could only come from programs like medicare and social security and there's no mandate for that. so, the speaker and the president agreed on some things, like a reduction in inflation adjustments for social security. they agreed on means testing...
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Nov 13, 2012
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the election is over. >> all right. but the question is today is it the new obama? some worry about his fiscal and economic legacy. the legacy question. let's bring in democratic vat gist steve mcmahon and grover norquist. is president obama worried about his legacy? will that make him more amenable to make a deal? >> well, i think every president thinks about their legacy. especially any president who is elected for a second term. they are looking at never again running for office again. and i think the reason you are seeing a president bring everybody in business leaders, labor leaders, and members of the opposition party is because he understands the significance of the moment and he understands the urgency of the need. and he wants to bring -- wants to bring everybody together around something where everybody gives a little bit but the country gets something significant. frankly, something the voters are asking for. which is a government that finally works. >> all right. agreed. i think voters would like a government that finally works and grow it is economy. yo
the election is over. >> all right. but the question is today is it the new obama? some worry about his fiscal and economic legacy. the legacy question. let's bring in democratic vat gist steve mcmahon and grover norquist. is president obama worried about his legacy? will that make him more amenable to make a deal? >> well, i think every president thinks about their legacy. especially any president who is elected for a second term. they are looking at never again running for office...
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May 16, 2012
05/12
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obama cannot win the election. mitt romney and the republicans are trying to smoke out obama and prove that romney, a former businessman, is the real deal maker in chief. to wit, the president's budget was defeated 99-0. today. 99-0. not even senate democrats were buying the obama budget. not even left liberals like bernie sanders. paul ryan's budget from the house also failed, but ryan at least got 41 votes. standing by with us tonight, senator tom coburn, republican of oklahoma. he'll give us an update. that question remains to avoid a stock market plunge and a freeze on business hiring, wouldn't it be something if congress actually made a fiscal cliff deal in advance of the usual last-minute deadline? so the dow is down 33 points. gold continued its remarkable plunge. the good news is that the dollar is up. the bad news, could be a sign that some bad news is headed this way. you'll hear my take. it may surprise you. we begin this evening with the battle royal over the budget. john harwood joins us now with all t
obama cannot win the election. mitt romney and the republicans are trying to smoke out obama and prove that romney, a former businessman, is the real deal maker in chief. to wit, the president's budget was defeated 99-0. today. 99-0. not even senate democrats were buying the obama budget. not even left liberals like bernie sanders. paul ryan's budget from the house also failed, but ryan at least got 41 votes. standing by with us tonight, senator tom coburn, republican of oklahoma. he'll give us...
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Dec 18, 2012
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as soon as president obama was elected, we started talking about the need to do something with the long-term financial security of this country. compromising takes courage. walking away, as they have done is so easy. >> now what reid was referring to there was a plan "b" option laid out this morning by speaker john boehner here on the house of representatives side of the capitol saying if we can't get a big deal with the president negotiated in time, we're prepared to move some legislation that would extend the bush tax cuts for everybody making less than $1 million a year. that he said was plan "b" for republicans, and he and his aides emphasized that they are not in fact walking away from a deal. they say they are still negotiating, but they just have to have something ready in case of emergency, in case they get up to that deadline and can't get to the deal. now the next development we're waiting for here in the capitol building is 5:40 this evening. all house republicans will gather in another conference meeting, and they will talk about this plan "b" and will talk about scheduling detai
as soon as president obama was elected, we started talking about the need to do something with the long-term financial security of this country. compromising takes courage. walking away, as they have done is so easy. >> now what reid was referring to there was a plan "b" option laid out this morning by speaker john boehner here on the house of representatives side of the capitol saying if we can't get a big deal with the president negotiated in time, we're prepared to move some...
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Apr 27, 2012
04/12
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for republicans to attack obama for doing what presidents do in re-election years is silliness. campaigning is what they do. why is this a shocker? it is a complete distraction for the gop. it puts them off message. the issue should be the stall speed economy, tax cuts, obama care, free enterprise. of course, obama is campaigning. in fact, george bush campaigned more. the whole thing is a red herring and the gop is being goofy. >>> and if you want proof of the stalled economy that republicans should be talking about, gdp came in worse than expected. 2.2%. 3% last quarter. this only solidifies it's the worst recovery since world war ii. stocks had a good week because profits matter more than gdp. dow ended up. nasdaq up 2% for the week. was fine. s&p 500 above 1400 the first time since april 3rd. later, team obama out, questions whether mitt romney has the chops to kill osama bin laden. it is a romney slur, impugning his patriotism. question is whether team obama spent millions in carpet bombing romney on that and other ads like it. my guest, former mississippi governor, haley ba
for republicans to attack obama for doing what presidents do in re-election years is silliness. campaigning is what they do. why is this a shocker? it is a complete distraction for the gop. it puts them off message. the issue should be the stall speed economy, tax cuts, obama care, free enterprise. of course, obama is campaigning. in fact, george bush campaigned more. the whole thing is a red herring and the gop is being goofy. >>> and if you want proof of the stalled economy that...
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Nov 7, 2012
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nbc news projecting president obama wins re-election. now that we know ohio has gone to obama. barack obama, president of the united states. i want to go to phil lebeau in mccormick park at headquarters. over to you, maria, you can hear the crowd. just pointed up there, projected to be the next president of the united states. there's a huge cheer here. there are about 10,000 president obama supporters packed into the mccormick place, filling up, cheering as other states were announced. you can see over my shoulder they were putting different returns up from different states. now they're determining president obama is going to be win re-election. we had a clue the president must have been pretty confident this was going to happen. about ten minutes ago there was a live picture from a local affiliate here in town showing the president's motorcade going from the fairmont hotel to here at the mccormick place. so he wouldn't have been coming here if he wasn't confident at this stage that he was going to win re-election. so now the question is when do we hear from him? guys? >> all r
nbc news projecting president obama wins re-election. now that we know ohio has gone to obama. barack obama, president of the united states. i want to go to phil lebeau in mccormick park at headquarters. over to you, maria, you can hear the crowd. just pointed up there, projected to be the next president of the united states. there's a huge cheer here. there are about 10,000 president obama supporters packed into the mccormick place, filling up, cheering as other states were announced. you can...
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Dec 8, 2012
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you won the election, mr. obama. we'll get the middle class tax cuts. we'll get the upper class tax hikes. get the capital gain and the dividends and the estates. you can only tax hike. that's what senator rand paul said last night. i'm starting to think that's the only way out. otherwise we're going into january, february,march and whatever. >> i think that's the best solution. it's a great chess move. let them do whatever they want and let's test the results. let's see what happens when you do it. then the mid-term elections will roll around and they'll be in great shape. the republicans will get voted in. another plan. you got spending up here, revenue down here. we got to narrow that gachlt they should make it clear to the democrats, pick any number of revenue increase you want. remember the spending cuts number has to be greater. let's see them live with that. >> that's the thing, mark. just to follow up on that. such an important point. everyone is obsessed with the taxes. taxes are very important. no one is talking about spending cuts. no one is
you won the election, mr. obama. we'll get the middle class tax cuts. we'll get the upper class tax hikes. get the capital gain and the dividends and the estates. you can only tax hike. that's what senator rand paul said last night. i'm starting to think that's the only way out. otherwise we're going into january, february,march and whatever. >> i think that's the best solution. it's a great chess move. let them do whatever they want and let's test the results. let's see what happens when...
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Dec 13, 2012
12/12
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geared towards the 2014 elections. >> right. >> so that pelosi can be speaker again, and it's -- it's going to hurt the middle class. it's going to hurt poor people and senior citizens on limited incomes. >> congressman, just hearing that the graphic up that the president and speaker will be meeting again today at the white house to discuss the fiscal cliff so maybe there's a little ray of hope there. >> i hope so. the president has been nowhere to be found. he's been missing in action on this and has not offered any kind of real solutions to this problem. >> all right. maybe it will happen today. >> we'll watch the next meeting. thanks for being here on the program. thank you very much. >> congressman paul brown. coming up we'll hear from a lawmaker on the other side of the aisle who says raising the eligibility age is a non-starter in any deal to avoid the fiscal cliff. jan chakowski is here. i don't understand that either. taking the age from 65 to 67 gets you $1 billion. >> just today the democrats took it off the table. >> why? >> i don't know, and predictably we're coming off th
geared towards the 2014 elections. >> right. >> so that pelosi can be speaker again, and it's -- it's going to hurt the middle class. it's going to hurt poor people and senior citizens on limited incomes. >> congressman, just hearing that the graphic up that the president and speaker will be meeting again today at the white house to discuss the fiscal cliff so maybe there's a little ray of hope there. >> i hope so. the president has been nowhere to be found. he's been...
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Nov 30, 2012
11/12
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president obama may have won this election but two years ago leaders of the tea party movement elected ron paul's son rand as kentucky senator over an establishment republican. one leader of that movement who runs a high-end audio equipment business says they could do the same thing in 2014, and this time take out mitch mcconnell if he agrees to raise taxes. >> we shall not raise taxes in this country. we do not have a revenue problem. i would like senator mcconnell to recognize that the washington leaders are like a bunch of crack addicts. they need evermore money for evermore growing government and it is at the expense of the ordinary citizen that they pursue these policies. >> reporter: but the brighter those lines are drawn, the harder it will be to get a deal. owen williams worked more than 20 years on wall street. now he runs a small college here that sits on the board of the henry clay center for statesmanship. the way to a solution, he says, is for both sides to have a voice. >> both have taken the attitude that it's my way or the highway. and americans recognize that that's ju
president obama may have won this election but two years ago leaders of the tea party movement elected ron paul's son rand as kentucky senator over an establishment republican. one leader of that movement who runs a high-end audio equipment business says they could do the same thing in 2014, and this time take out mitch mcconnell if he agrees to raise taxes. >> we shall not raise taxes in this country. we do not have a revenue problem. i would like senator mcconnell to recognize that the...
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Sep 6, 2012
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we begin with barack obama set to accept the party's nomination for re-election as president. we know a little bit of what he'll say. john harwood joins us with the details. good evening, john. >> good evening. bill clinton's speech represented a hand-off to president obama. he gave that full endorsement of the president's economic policy, said no president could have solved the problems in just four years then walked on stage and gave a hug to president obama who, after bill clinton finished speaking. the excerpts we have indicate that the president will strike a tone of realism. he said out's going to take a few years to solve problems that they have spent decades building up. he said, you have elected me to tell you the truth. we need bold experimentation fdr used. obama aids tell me they are going to do more to sketch out the path forward in a second term. not a policy list. it's not a state of the union speech. he'll try to give americans the sense of what they will get if they are patient. where he's going to take the country on policy. we'll see if this last night of th
we begin with barack obama set to accept the party's nomination for re-election as president. we know a little bit of what he'll say. john harwood joins us with the details. good evening, john. >> good evening. bill clinton's speech represented a hand-off to president obama. he gave that full endorsement of the president's economic policy, said no president could have solved the problems in just four years then walked on stage and gave a hug to president obama who, after bill clinton...
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Dec 6, 2012
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but blacks -- let's see. 95% of african-americans voted for president obama in this last election. what do you make of that? what does that tell you? >> well, the first thing we have to start looking at is what it's going to take for us to get the respect of both parties, and that comes down to us being a people that are principled over anything else. we have 95% of any race that would vote for a person or party, it kind of helps them to be taken for granted. at this point, what does the democratic party have to do to win our vote? actually, just be around. so it's time for us as a people to start putting our principles first. i think we should be ashamed of ourselves in certain areas, those who decided that the education is so important to them, they have a passion for it. why would you vote for a person who decides the union is much more important for them. >> in other words, school choice. i'm going to read from the notes. you tell me if i'm wrong. but this is tough stuff. you say in your notes, obama is the most aggressive anti-black policymaker in modern history. that's tough
but blacks -- let's see. 95% of african-americans voted for president obama in this last election. what do you make of that? what does that tell you? >> well, the first thing we have to start looking at is what it's going to take for us to get the respect of both parties, and that comes down to us being a people that are principled over anything else. we have 95% of any race that would vote for a person or party, it kind of helps them to be taken for granted. at this point, what does the...
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Dec 22, 2012
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and many people, larry, who wound up voting for barack obama and helped the obama/biden ticket carry the badger state even with the native son on their republican ticket, nonetheless voted for scott walker in that recall election. because they liked what he was doing. very simply, it's making some state employees pay a little bit more for their pension and health care packages, not as much as in the private sector, but a little more, and that way turned a $3.6 million deficit into a $500,000 reserve. reserve being the surplus and the rainy day fund for wisconsin. >> and hold back collective bargaining and made co-pays for pensions and co-pays for health care and stopped the free lunch that was going on in wisconsin. you know, john, i think you're looking at presidential timber. i really think scott walker has to be in that conversation. i know it's very early, but i think he has to be in that conversation. >> well, my friend scott becker who is a republican political consultant in madison said when i was through with the interview with governor walker whisper the word iowa to him. an
and many people, larry, who wound up voting for barack obama and helped the obama/biden ticket carry the badger state even with the native son on their republican ticket, nonetheless voted for scott walker in that recall election. because they liked what he was doing. very simply, it's making some state employees pay a little bit more for their pension and health care packages, not as much as in the private sector, but a little more, and that way turned a $3.6 million deficit into a $500,000...
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Oct 26, 2012
10/12
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unquote certainty. >> if you think president obama wins re-election, we sort of muddle along and not headed towards growth then? >> again, i think if you look at what's happened over the course of the last four years, but particularly the last 18 months, we've seen significant desell race in growth. i think that has much to do with the set of policies that been problematic in terms of job growth in this country and also fundamental growth of overall gdp. >> can governor romney win then do you think? it's an incredibly tight race. >> you tell me. i think people have seen the real mitt romney, the individual who has had an incredible track record of success, solving complex problems both in the private sector at bain years ago but also in the public sock tore in terms of saving the salt lake city olympics and governor of the state of massachusetts during a point in time when we had incredible bigt situation in the state and he was able to solve that. >> that was one of the points he made at the debate. he was able in the face of different parties, he was able to -- >> go ahead. >> i wa
unquote certainty. >> if you think president obama wins re-election, we sort of muddle along and not headed towards growth then? >> again, i think if you look at what's happened over the course of the last four years, but particularly the last 18 months, we've seen significant desell race in growth. i think that has much to do with the set of policies that been problematic in terms of job growth in this country and also fundamental growth of overall gdp. >> can governor romney...
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Nov 8, 2012
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. >> and the market selloff yesterday, people were attributing the fact that an obama re-election is more likely to mean we go over the cliff because then it will allow him and the gop to pull back those rate which is go up and be able to say to their constituents at least we did this. so are markets right to be pricing in that scenario? >> markets are probably right to anticipate a crazy next two months. the experience we had last year with the debt ceiling, that whole week where the u.s.ed had its debt down grgraded by stand & poor's, that was a scary time. the market knows the president has strong positions. the signals we got yesterday is that there may be willing to cool it lay down their swords for a couple days and get the talks started, but the track record for both sides is not a lot of hugging and kissing so the market said here we go again, let's kind of get ready for a tough couple weeks. >> that's for sure. damien, thank you so much for joining us this morning. >>> and speaking of which, we've just been discussing the fiscal cliff, i'm getting so sick of that phrase. but
. >> and the market selloff yesterday, people were attributing the fact that an obama re-election is more likely to mean we go over the cliff because then it will allow him and the gop to pull back those rate which is go up and be able to say to their constituents at least we did this. so are markets right to be pricing in that scenario? >> markets are probably right to anticipate a crazy next two months. the experience we had last year with the debt ceiling, that whole week where...
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Nov 8, 2012
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i wonder what your take is on president obama winning re-election. does that change anything for the company, for the industry? in terms of this fiscal cliff, everybody is expecting taxes to go higher. we're not sure how high on dividends and capital gains. will that dictate your behavior in terms of disney's payout, your dividend? >> well, first of all, i think i was most passionate when we last talked about the change in the corporate tax rate where we are the highest in the world right now. i don't think that makes this country competitive. i think it's a real impediment to true growth. so i'm very passionate about addressing that, not only reducing the rate, but in order to do so, i think certain loopholes have to get closed as well in order to make this country far more competitive. i think that's very important. i've seen some very compelling statistics about what a 10% drop in the corporate tax rate would do in terms of job creation. i hope that the new government, so to speak, or those that are now representing us in congress and the senate a
i wonder what your take is on president obama winning re-election. does that change anything for the company, for the industry? in terms of this fiscal cliff, everybody is expecting taxes to go higher. we're not sure how high on dividends and capital gains. will that dictate your behavior in terms of disney's payout, your dividend? >> well, first of all, i think i was most passionate when we last talked about the change in the corporate tax rate where we are the highest in the world right...
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Nov 28, 2012
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you guys lost the election. president obama said he was going to raise taxes on the richest 2%. why is this a surprise? that is what happens at the end of the year. it is a little slow. we'll get over that. come january first, they will pass the tax cut for 98% of the people. >> i didn't think this was a mandate. i agree your man won. but jim, the basic deal was, okay, john boehner acknowledging what this was. putting this on the table and he said this a million times in return for some. modest reform. while the biggest stuff waits for next year. if the democrats say it is off the table and if harry reid is trading bars with mitch mcconnel, what is up here. senator durban said, it shouldn't be ps deal. i don't think there is a bar gain to be had. it is a win win for alabama. he is going to get the tax hikes or the rb ares will say no deal and he gets the tax hikes which is what he will prefer anyway. that is a big pot of money he can use for whatever he wants. they are still not going to be a deal. baker, democrats saying there is no problem with social security, even though the
you guys lost the election. president obama said he was going to raise taxes on the richest 2%. why is this a surprise? that is what happens at the end of the year. it is a little slow. we'll get over that. come january first, they will pass the tax cut for 98% of the people. >> i didn't think this was a mandate. i agree your man won. but jim, the basic deal was, okay, john boehner acknowledging what this was. putting this on the table and he said this a million times in return for some....
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May 13, 2012
05/12
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you got 47% probably today who are going to vote for president obama. that 6% that's going to make the decision. remember this -- this election is going to be a referendum on the president's economic policies. they've failed. they have avenue actually made the economy worse. >> well in the past i know that some journalists have triggered you to cry. you haven't done that in a while. are you trying to change that image? >> no, no. listen, i've met every crier in america. they come and put their arm around me and say, hey, i like you, i cried too. >>> up next -- the truth may set you free and it could cost you your job. just how common are resume misrepresentations in your workplace? we're talking ethics in business and every day. i've been crisscrossing the gulf for the past two years now. i can tell you, down here, people measure commitment by what's getting done. i'm mike utsler, and it's my job to make sure we keep making progress in the gulf. the twenty billion dollars bp committed has helped fund economic and environmental recovery. another fourteen
you got 47% probably today who are going to vote for president obama. that 6% that's going to make the decision. remember this -- this election is going to be a referendum on the president's economic policies. they've failed. they have avenue actually made the economy worse. >> well in the past i know that some journalists have triggered you to cry. you haven't done that in a while. are you trying to change that image? >> no, no. listen, i've met every crier in america. they come...
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Dec 21, 2012
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obama i believe, contrary to 208108 when he needed to be re-elected and actually extended tax rates for everybody because he didn't want there to be a recession now no longer has that pressure. he can be an ideologue. the average american and the average reporter, frankly, who doesn't really understand economics needs to have on the table something that says to obama, here. you said that you wanted to extend the present tax rates for everyone who was not a millionaire. we're offering you this. so the burden goes from the republicans raised tax rates to obama didn't follow through -- >> lost, heather, already lost. >> barely raised. not all right lost. the entire media story has been on the taxing side. appalling they never talked about the divisions on left about spending cuts. >> let me explain. when i say been lost. we already had the issue? nancy pelosi talking about a million. the president who ran the campaign, the number 250. the idea that a million versus 250 or 400 means the president is going back on his word, that's not how the american people see when look what was said durin
obama i believe, contrary to 208108 when he needed to be re-elected and actually extended tax rates for everybody because he didn't want there to be a recession now no longer has that pressure. he can be an ideologue. the average american and the average reporter, frankly, who doesn't really understand economics needs to have on the table something that says to obama, here. you said that you wanted to extend the present tax rates for everyone who was not a millionaire. we're offering you this....
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Nov 16, 2012
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>> yeah, we are seeing a special dividend bonanza basically since obama won the election. we have seen 74 special dividends announced this quarter which is the same as what was announced the last time these dividend tax was potentially going to roll off the relief in fourth quarter of 2010 and predicting another 30 companies and pretty positive in these gloomy times. and we can look at what kind of companies -- >> yeah. i mean, you guys have made -- pardon my interruption but you guys made good calls on this. who are we talking about? >> the great forecast team announced two days ago, pick lots of others and a big list and expecting potentially somebody like sea bond with a special dividend. alexander is an interesting one. we're predicting $122 special dividend this quarter. be nice to get that one right, too. yeah. pretty interesting place to have a little look. >> we even had, you know, some people on the desk today talk about apple as a possibility through no ideas information, obviously. may be right for something like that. could you see something like that? >> well,
>> yeah, we are seeing a special dividend bonanza basically since obama won the election. we have seen 74 special dividends announced this quarter which is the same as what was announced the last time these dividend tax was potentially going to roll off the relief in fourth quarter of 2010 and predicting another 30 companies and pretty positive in these gloomy times. and we can look at what kind of companies -- >> yeah. i mean, you guys have made -- pardon my interruption but you...
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Dec 18, 2012
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and to echo part of what chairman steele just said, elections do have consequences. i do think the republican base, however badly is wants a perfect plan, does understand there's time for movement. and to their credit, some republican leaders and conservative leaders have been saying to the base on two issues, on immigration and on at least part of the upper bracket taxes, they've got to move a little bit. not because it's perfect but because they lost and they want to work with this president. and as we all know, the rates go up either way. >> yeah, but i don't see one hint yet. i mean, boehner wants -- and i think boehner is right, i think it's sensible, if you're going to give in on tax rates, marginal tax rates, which i think hurts the economy, but whatever i think, you've got to get solid spending reduction including the budget sequester which is being ripped to pieces, entitlement reform, including social security and cost of living adjustments and medicare reform. ari, you know as i do, democratic leaders in both houses are bad-mouthing anything to do with ent
and to echo part of what chairman steele just said, elections do have consequences. i do think the republican base, however badly is wants a perfect plan, does understand there's time for movement. and to their credit, some republican leaders and conservative leaders have been saying to the base on two issues, on immigration and on at least part of the upper bracket taxes, they've got to move a little bit. not because it's perfect but because they lost and they want to work with this president....
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Dec 14, 2012
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regulatory tsunami from the obama administration was coming to hit right after the election. and i hope you listen because now even the ap associated press has confirmed those warnings in a key story. and you should be worried about interest rates going higher on mortgages, car loans, everything. the former federal reserve governor has some answer for us a little later on. a new poll, meanwhile, from nbc news and "the wall street journal" shows that 65% of those surveyed use negative words or phrases to describe the beleaguered republic party. only 17% had positive responses. so how can the gop fix its branding problem? here now we have katie kiefer, columnist and political commentator, and mark stevens, ceo of msco and author of "your marketing sucks." hi both of you. all right, katie, i'm giving you the first whack at the ball. what do republicans have to do to have their big comeback? >> i think that the republicans need to stop running boring moderates like john mccain and mitt romney or hypocritical preachers like rick santorum and newt gingrich, and instead run men and
regulatory tsunami from the obama administration was coming to hit right after the election. and i hope you listen because now even the ap associated press has confirmed those warnings in a key story. and you should be worried about interest rates going higher on mortgages, car loans, everything. the former federal reserve governor has some answer for us a little later on. a new poll, meanwhile, from nbc news and "the wall street journal" shows that 65% of those surveyed use negative...
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Jun 26, 2012
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. >> does the election mean anything to you? as far as the vet outlook. romney versus obama? which is your pick or does the election affect you at all? >> we have a $1.6 trillion deficit and the feds are buying all the bonds. >> this cannot be good. >> just remember, the fed has more debt than italy. we're talking about italy. >> horrible looking balance sheet. >> is that unbelievable. >> with interest rate risks that are out of control. >> you would think finally, our interest rates on ten-year bonds are 1.6%, let's sell a lot of them. who do we sell them to? the fed. who dpnss it overnight. we are just really building a horrible, horrible -- >> this eats at the bankruptcy potential of the united states government. >> it's just driving us down. that's why stocks don't feel good. we're spending too much money. my key point is feel keep looking at what, what is the government to do? are they going to get us out of this? never. >> we need business to turn around. >> last one, you have a pretty good gaming operation in las vegas? we talked about this a queer or two ago. real qui
. >> does the election mean anything to you? as far as the vet outlook. romney versus obama? which is your pick or does the election affect you at all? >> we have a $1.6 trillion deficit and the feds are buying all the bonds. >> this cannot be good. >> just remember, the fed has more debt than italy. we're talking about italy. >> horrible looking balance sheet. >> is that unbelievable. >> with interest rate risks that are out of control. >> you...
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Nov 14, 2012
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the market down 5% since president obama was re-elected. add on to that a 200-point selloff today. the dow with a decline of 184 points on the session. that's 1.5%. s&p 500 also down about 5% since the president re-elected. down about 20 points today. nasdaq down 37 points today. that's 1.25%. today, many of the recent winners were the big losers. we have been seeing recently money moving into transportation stocks. today, they got killed. financials also under pressure and tech nothing on the downside. the market seeing red across the board as the fiscal cliff fears escalate today after the president takes a hard line in his news conference earlier this afternoon. joining me now to help break down the trading day and what you should be doing with your money, kwint, quint is joining me. we also have john buckingham of al frank asset management. thanks, everybody, for joining us. first, michelle, let me get your news, the latest on the attack out of israel on hamas. this, of course, another major news story today that we're following and the reason oil prices have spiked. >> the lat
the market down 5% since president obama was re-elected. add on to that a 200-point selloff today. the dow with a decline of 184 points on the session. that's 1.5%. s&p 500 also down about 5% since the president re-elected. down about 20 points today. nasdaq down 37 points today. that's 1.25%. today, many of the recent winners were the big losers. we have been seeing recently money moving into transportation stocks. today, they got killed. financials also under pressure and tech nothing on...
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Dec 4, 2012
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at the lowest level since president obama was re-elected. just now under that $1,700 mark. what's behind the sell-off and is this a buying opportunity? let's start talking futures now. let's start with you, you and rich have been bitten by the gold bug. are you ready to throw in the towel here? >> jackie, i'm not ready yet. usually when you see a day the dollar is as weak as it is, gold is higher. what's happening today is you're seeing a lot of profit taking on gold. it's not profit taking because we're up 9% on the year. traders are worried that some deal with the fiscal cliff will call for higher capital-gains taxes so traders are getting out of their gold positions before that might take effect. >> so profit taking, meantime, rich, what is dipping below the $1,700 mark mean? is that really the right level to be watching? >> well, we gave you the level $ $ $1,706. you're looking at $1,672. every trader will tell you it is a big level here, a close below that and there's more pain. in fact, let's watch today's close, in one hour, if we close below $1,700 i think there's m
at the lowest level since president obama was re-elected. just now under that $1,700 mark. what's behind the sell-off and is this a buying opportunity? let's start talking futures now. let's start with you, you and rich have been bitten by the gold bug. are you ready to throw in the towel here? >> jackie, i'm not ready yet. usually when you see a day the dollar is as weak as it is, gold is higher. what's happening today is you're seeing a lot of profit taking on gold. it's not profit...
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Dec 27, 2012
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obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr. president, the house, we hear this so often, is controlled by the reap warnings and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support, if it were reasonable, but right now we haven't heard anything. i don't know, and it's none of my business, i guess, although i am very serious, if the speaker and the majority leader, the republican leader over here are even talking. i mean, what's going on here? mr. president, you can't legislate with y
obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr....
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Jun 1, 2012
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, the third in a row at a critical point in the election cycle and it had president obama acknowledging this is not the recovery that he's looking for. >> the economy is growing again, but it's not growing as fast as we want it to grow. our businesses have created almost 4.3 million new jobs over the last 27 months, but as we learned in today's jobs report, we're still not creating them as fast as we want. >> now, gallup affirmed that this is going to be a neck and neck race. their three-week average, 46% obama, 46% romney. mitt romney hustled on to cnbc to try to move the needle on those numbers to point the finger directly at president obama. >> the president's policies with regards to taxation, regulation, as well as trade policies, labor policies, all of them have made it less likely for businesses small and large to want to hire more people. and when you add to that, the normal ups and downs of the world economy, it's been real tough on the american family. >> now, larry, i wouldn't real out the possibility if conditions get even worse that there could be early bipartisan action on
, the third in a row at a critical point in the election cycle and it had president obama acknowledging this is not the recovery that he's looking for. >> the economy is growing again, but it's not growing as fast as we want it to grow. our businesses have created almost 4.3 million new jobs over the last 27 months, but as we learned in today's jobs report, we're still not creating them as fast as we want. >> now, gallup affirmed that this is going to be a neck and neck race. their...
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Dec 27, 2012
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there's a reason why obama is leading this thing right now. he won the election. he now has the right, morally and politically to force his version of a deal upon people. we also have to consider the dynamics of congress. you know, boehner is going to be coming up to a speaker election january 3rd. all it will require is 17 republicans to overthrow him if they don't support him. that is a tiny number. you could argue this is inherently unstable. you could argue that maybe we're going to get it. some talk about bringing him an outside speaker like john huntsman. and i don't see that happening. but you get a sense of anything could happen in this system. >> and maybe it's a benefit. maybe in the long-term, but certainly right now there does seem to be a sense that it is a small group of people holding the rest of the process hostage. >> oh, yes. i'm trying to find something good to say about something. because the alternative is china, you know? i'd rather have a -- >> is that the case, though? is there not an alternative that you see and other examples as you look
there's a reason why obama is leading this thing right now. he won the election. he now has the right, morally and politically to force his version of a deal upon people. we also have to consider the dynamics of congress. you know, boehner is going to be coming up to a speaker election january 3rd. all it will require is 17 republicans to overthrow him if they don't support him. that is a tiny number. you could argue this is inherently unstable. you could argue that maybe we're going to get it....
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Dec 28, 2012
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he said 800 billion is what he said during the election. >> and 6 trillion. >> yeah. >> spending is not the problem. >> no, i agree with you. >> i'm sorry. >> revenue is not the problem. >> yeah. >> it's been a long week, hasn't it? >> good luck on sunday, let's see what happens and we'll have you back afterward and see what's going on. >> let's get the market reaction. eamon hinted at this, and capital growth management and brian kelly, the co-founder of shelter harbor capital. can we bring up that chart again, guys so people can understand what happened today? we are showing you a one-day chart of both the dow, all three, the dow, the nasdaq and the s&p. this is a one-day chart. so harry reid comes out and says, folks, we are going off the cliff and the markets start to tumble and tumble and tumble and tumble and then 3:00 in the afternoon you see the sharp rise up and the house is coming back the in the session on sunday night to do something. we don't know what and the markets managed to get back to flat. so ken heebner, the market seemed to care about the deal getting done. is it g
he said 800 billion is what he said during the election. >> and 6 trillion. >> yeah. >> spending is not the problem. >> no, i agree with you. >> i'm sorry. >> revenue is not the problem. >> yeah. >> it's been a long week, hasn't it? >> good luck on sunday, let's see what happens and we'll have you back afterward and see what's going on. >> let's get the market reaction. eamon hinted at this, and capital growth management and brian...
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Nov 8, 2012
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we knew obama was going to be elected so the market would have already been down. do you think there was anything -- this is a how do you do, to a second term, isn't it, barry? >> absolutely it is. i got asked that question yesterday. attributing it to europe and -- >> i get in trouble for asking it. >> i burst out laughing about it. this was all about -- >> the cliff. >> it's not just the cliff. the election was a potential catalyst to start the process to solve the tax question, debt sustainability. you looked at the number of catalysts out there, the election was potentially going to be one of those that could put the government in a position where they'd be, you know, willing to take this on. >> you think people were still holding out hope that romney was going to get elected, wouldn't be obama care, they were holding out for that? >> there is two relevant elections i think that were similar in the campaigns that were run. 1948 and 1980. in 1948 going into truman's re-election, the market was falling throughout the entire fall. it bounced a little bit in octobe
we knew obama was going to be elected so the market would have already been down. do you think there was anything -- this is a how do you do, to a second term, isn't it, barry? >> absolutely it is. i got asked that question yesterday. attributing it to europe and -- >> i get in trouble for asking it. >> i burst out laughing about it. this was all about -- >> the cliff. >> it's not just the cliff. the election was a potential catalyst to start the process to solve...
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Nov 7, 2012
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because of the way the election is structured, it's obama going to ohio. what was it, 52 times? romney in virginia 30 times and the extent to which we ever talk nationally about jobs and the deficit is like three times. >> that's what's going on state by state tonight. they are voting with their local environment. thank you so much. we're waiting on results out of florida, ohio and virginia. nbc news projecting florida too close to call. 29 electoral votes. we see the importance of florida for both candidates. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >> welcome back to cnbc special coverage. whoever becomes president faces a huge task of avoiding the fiscal cliff. let's talk solutions. joining us
because of the way the election is structured, it's obama going to ohio. what was it, 52 times? romney in virginia 30 times and the extent to which we ever talk nationally about jobs and the deficit is like three times. >> that's what's going on state by state tonight. they are voting with their local environment. thank you so much. we're waiting on results out of florida, ohio and virginia. nbc news projecting florida too close to call. 29 electoral votes. we see the importance of...
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Dec 17, 2012
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and both countries, even though obama was re-elected, but specifically the leadership china china? >> i think that the u.s.-china trading relationship is now so huge, so important, it's grown beyond any particular leadership question. it is a very large trading relationship. a trading relationship that is that huge is bound to generate trade friction. in fact, if you look ten, 20 years ago, people talked about north/south trade. people don't really talk about north/south trade any more because north/south trade is dominated by u.s./china trade. i think that's only going to increase. i think that as this trading relationship expands, it's natural that it's going to generate trade frictions on the margins and so we'll likely see more disputes in the future. >> let's talk about russia. a couple of days ago, a number of countries have voiced their concerns about the delays in compliance to wto rules. are you concerned? >> i think it's valid to be concerned about whether russia is going to comply fully and when. in fact, its membership is -- the russians have been in the wto since augus
and both countries, even though obama was re-elected, but specifically the leadership china china? >> i think that the u.s.-china trading relationship is now so huge, so important, it's grown beyond any particular leadership question. it is a very large trading relationship. a trading relationship that is that huge is bound to generate trade friction. in fact, if you look ten, 20 years ago, people talked about north/south trade. people don't really talk about north/south trade any more...
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Nov 12, 2012
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jpmorgan downgrading caterpillar to neutral from overweight on "the re-election of president obama" and the impact this could have on the u.s. coal and energy sectors. caterpillar down better than 11% over the past year as you see right there. jim, what do you think? agree? disagree? >> i disagree. normally i get down on these analysts because i think they look too much the minutia of a company and minneapolis the macro themes. i like his methodology, starting right at the top, politic and policy because those are the big drivers and movers of stocks over the last five years. the thing i don't like about downgrading cat, there have been some decent numbers out of china. if we think we're going to come to some agreement on fiscal cliff, the broad market with rally. cat would become a proxy. >> so disagree with jpmorgan there. brave man. "limited upside brings us back to a hold on valuation ground." the stock has had a modest jump of 8% over the past six months. >> i'm long j&j and am going to hold it like they say. that 3.51% yield is nice particularly when they're -- when the government
jpmorgan downgrading caterpillar to neutral from overweight on "the re-election of president obama" and the impact this could have on the u.s. coal and energy sectors. caterpillar down better than 11% over the past year as you see right there. jim, what do you think? agree? disagree? >> i disagree. normally i get down on these analysts because i think they look too much the minutia of a company and minneapolis the macro themes. i like his methodology, starting right at the top,...
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Dec 1, 2012
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and although president obama this because he got re-elected has he had has a mandate to do whatever he waumpbts, he forgets that the house republicans were also re-elected to kind of hold the line on spending. so no, i don't believe that would make it through congress. >> what about this utterance by the president today? instead of blasting congress, sort of saying he's keeping a list of congressmen? is this like a nixon enemy's list? we've seen this before from president obama. >> we have. we've seen multiple versions of the quote obama's enemies list. we saw the truth team, we've seen the white house work directly with the media matters to smear certain people that they don't like. and now we're seeing president obama say he has a naughty and nice list in order to make the nice list you have to push through his $1.6 trillion tax increase. so i think there'll be a lot of democrats who are actually making the naughty list this year. >> if he had actually come out with a program that had some spending cuts and some entitlement cuts instead of all tax increases, katy, maybe he'd be havin
and although president obama this because he got re-elected has he had has a mandate to do whatever he waumpbts, he forgets that the house republicans were also re-elected to kind of hold the line on spending. so no, i don't believe that would make it through congress. >> what about this utterance by the president today? instead of blasting congress, sort of saying he's keeping a list of congressmen? is this like a nixon enemy's list? we've seen this before from president obama. >>...
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Dec 28, 2012
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apart from obama winning a second term, new heads of state have been elected in france, in egypt and japan, south korea and russia. next year, key votes will be held in italy and germany where people will be heading to the polls in a regional election in january. our guest is saying that the vote in lower saxony should be seen as a litmus test for german chancellor angela merkel. a litmus test, alistair, do you think that we can look ahead and see whether or not merkel is going to do well or poorly when she goes to the polls? >> i think markets will be tempted to do that. the key point here, louisa, is that the balance of power in sacksny is also a parallel to the balance of power in germany. it does look like the two main opposition parties could seize power from cdu in lower saxony, despite the fact that they're going to win the plurality. less than 5% in all likelihood, which means they don't get seats in the regional parliament. now, we could see that pattern repeated at the federal level. but at the moment, i have to say opinion polls in germany at the federal level are pointing
apart from obama winning a second term, new heads of state have been elected in france, in egypt and japan, south korea and russia. next year, key votes will be held in italy and germany where people will be heading to the polls in a regional election in january. our guest is saying that the vote in lower saxony should be seen as a litmus test for german chancellor angela merkel. a litmus test, alistair, do you think that we can look ahead and see whether or not merkel is going to do well or...
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May 8, 2012
05/12
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you've got 47% today that are going to vote for president obama. and that's 6% that you are going to make the decision. remember this. this election is going to be a referendum on the president's economic policies. they failed. they've actually made the economy worse. he's going to try to make the election about everything other than his failed economic policies. what republicans need to do is keep focused on the issues that americans most care about and that's the question, where are the jobs? >> and yet you've got people like george soros giving money to super pacs. does this concern you? >> of course it does. the campaign system is out of control. the money flowing into these races are numbers beyond anybody's imagination. but the american people are pretty smart. they figure these things out pretty well and it's going to be about the economy. the president can't run on it and i'm, frankly, pretty pleased at the position that mr. romney is in at this point. and, frankly, i think he's got a lot of room to grow. >> and you said moments ago that yo
you've got 47% today that are going to vote for president obama. and that's 6% that you are going to make the decision. remember this. this election is going to be a referendum on the president's economic policies. they failed. they've actually made the economy worse. he's going to try to make the election about everything other than his failed economic policies. what republicans need to do is keep focused on the issues that americans most care about and that's the question, where are the jobs?...